Eagle Renovate to Rent Loan Program
Best for investors wanting to purchase a rental property in need of minor or major renovation with a short term bridge loan. Upon completion of the work, we convert the loan to a long term solution. The permanent loan would be based upon the appraised value with no seasoning.
- Two loans: fix and flip then permanent loan
- Term: 12 to 24 months for fix and flip; up to 30 years for permanent rental loan
- 4.99% (variable) 5.99% (Variable) to 9%+ (depends on credit score/experience and property condition/location)
- Fixed rate or ARM
- Interest only for fix and flip; 25+ year amortization for permanent loan
- Propety types: Non-owner occupied 1-4 unit properties and 5+ unit multifamily and mixed use properties
- Lending area 43 states
- Prepayment penalty: first 6 months then no penalty
- Loan amounts: $75,000 to $20 Million
- Fix and flip: finance up to 80% of purchase price + 100% of rehab up to 70% of ARV;
- Permanent loan: finance up to 80% of purchase price
- Approvals: 72 hours
- Closings: 10 to 15 days
- 600+ FICO Score
No upfront fees.
Call us at 609-417-9031. email: email@example.com or click below to apply online.